State with reasons whether you agree or disagree with the following st

1.	State with reasons whether you agree or disagree with the following statements:National Income estimates are not accurate in India.
Answer» Yes, I agree with this statement. There are many statistical difficulties faced in the estimation of National Income due to which N.I. estimates are not accurate. They are as follows: There is the danger of double counting by including the value of intermediate goods. Inadequate and unreliable information regarding income and expenditure leads to inaccuracy in estimating N.I. In India, people are illiterate and ignorant, so they do not maintain proper accounts. To evade tax people do not reveal their exact income. The sources from which data are obtained are not absolutely reliable. Statistical staff are untrained and inefficient.

State with reasons whether you agree or disagree with the following statements:National Income estimates are not accurate in India.

Answer»

Yes, I agree with this statement.

There are many statistical difficulties faced in the estimation of National Income due to which N.I. estimates are not accurate.

They are as follows:

There is the danger of double counting by including the value of intermediate goods.

Inadequate and unreliable information regarding income and expenditure leads to inaccuracy in estimating N.I.

In India, people are illiterate and ignorant, so they do not maintain proper accounts.

To evade tax people do not reveal their exact income.

The sources from which data are obtained are not absolutely reliable.

Statistical staff are untrained and inefficient.